BALTIMORE, April 7, 2005 (PRIMEZONE) -- View Systems, Inc. (OTCBB:VYST), a cutting edge homeland defense solutions provider, announced today that the Visual First Responder (VFR) has become the company's fastest growing product line with over $400,000 in revenue over the past five months.
View Systems licensed the VFR technology in early 2004 from The Idaho National Labs Technology Transfer program. Upon commercialization, View streamlined manufacturing and began marketing the unit through demonstrations to the United States armed forces, Civil Support Teams, hazmat teams, and various emergency responders.
In addition, the company expanded distribution through a dealer/distribution network which includes Aramsco, Fisher Safety, and Accutech Systems, to name a few. Several distributors are initiating mass marketing campaigns featuring the VFR in at least five customer catalogs in 2005. To date, 19 units have been sold through this network.
Recent sales include two units for the Commonwealth of Massachusetts Department of Fire Services, three units for the United States Coast Guard, and eight units for the U.S. Army. Two states, New Jersey and Florida, have equipped their emergency response teams with the VFR. The 5th and 51st Civil Support Teams have purchased the VFR; View expects to equip the remaining 53 teams in the future.
"Since initially acquiring the license, we have sold multiple units with revenues exceeding $500,000," stated CEO Gunther Than. "We have opened the door to a wide range of customers who have initially purchased one or two units. We expect to significantly penetrate these markets and currently are negotiating with several agencies to equip all specialized units. Due to this strong demand, we are trending to surpass the total revenue of 2004 in the first two quarters of 2005."
About View Systems, Inc.
View Systems, Inc. provides a broad range of products to law enforcement, military, government agencies, educational facilities, hotels, event and sport venues, and commercial businesses. View Systems has an extensive network of distributors, licensees, and strategic alliance affiliates.
Forward-Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.